Paychex Set to Report Fiscal Q1 2027 Results on September 23

Insider Monkey·22 Sep 2026·

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Summary · why it matters

Paychex is scheduled to report fiscal first-quarter 2027 results on September 23, following a fiscal 2026 in which revenue rose 17% to $6.51 billion and adjusted diluted EPS increased 11% to $5.51. For fiscal 2027, the company expects Management Solutions revenue to increase 5% to 6%, with total revenue growth slowing from 17% to that 5% to 6% range, though the Paycor acquisition contributed approximately 12 percentage points to fiscal 2026 total revenue growth and 15 percentage points to Management Solutions revenue growth, making the underlying comparison much closer. Adjusted EPS growth is projected at 7% to 9%, below the 11% increase delivered in fiscal 2026, and Paychex expects interest earned on funds held for clients to fall to $195 million to $205 million in fiscal 2027 from $210.9 million in fiscal 2026, while fiscal 2026 interest expense rose to $269.5 million from $105.4 million, primarily due to debt used to finance the Paycor acquisition. The company's latest labor-market data showed the Small Business Jobs Index at 99.13 in August, roughly in line with the 2026 year-to-date average, with weekly hours worked up for a sixth consecutive month, hourly earnings up 2.89% and weekly earnings up 3%, drawn from payroll data covering approximately 350,000 Paychex clients with fewer than 50 employees. As of August 31, approximately 5.8% to 6.4% of Paychex's float was sold short, and 40 hedge funds held the stock in the second quarter, down from 43 in the prior quarter, with Millennium Management becoming the biggest shareholder after increasing its position by 106% to approximately 2.33 million shares.

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Paychex Inc

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Paychex guides fiscal 2027 revenue growth to slow to 5-6% and adjusted EPS growth to 7-9%, below fiscal 2026's 11%, with client-funds interest income also declining.

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